Organizations Filed Purposes:
THE PENINSULA TECHNOLOGY INCUBATOR (PTI) WAS COMMISSIONED BY THE CITY OF HAMPTON INDUSTRIAL DEVELOPMENT AUTHORITY (HAMPTON IDA) TO NURTURE THE START-UP AND GROWTH OF EMERGING TECHNOLOGY BUSINESSES IN THE HAMPTON ROADS AREA. THE ORGANIZATION PROVIDES STARTUPS WITH THE RESOURCES THEY NEED TO POSITION THEMSELVES AS THEY IMPLEMENT THEIR BUSINESS PLAN AND WORK TOWARDS RAISING CAPITAL.
DEDICATION TO NOURISHING IDEAS INTO SMALL BUSINESS THAT ARE PREPARED TO CHANGE THE WORLD.
HAMPTON IDA GRANT: PTI PROVIDES CLIENTS WITH OFFICE ACCOMMODATIONS, ACCESS TO LABORATORIES, AND BUSINESS CONSULTING SERVICES. PTI ASSISTS CLIENTS WITH BUSINESS PLANS, MARKETING DEVELOPMENT AND CAPITALIZATION. IT HAS CATALYZED THE ORGANIZATION AND MANAGEMENT OF A REGIONAL ACCELERATOR, 757 ACCELERATE, PROVIDING ADDITIONAL BUSINESS AND ENTREPRENEURIAL SERVICES IN CONJUNCTION WITH PTI. PART OF THIS RELATIONSHIP PROVIDES FIRST STAGE INVESTORS TO PROVIDE SEED FUNDING AND EARLY STAGE FUNDING OF COMPANIES IN THE REGION THUS ENSURING THAT NASCENT BUSINESSES HAVE NEEDED CAPITAL TO FACILITATE THE DELICATE EARLY STAGES OF COMPANY GROWTH AND DEVELOPMENT. PTI ALSO SUPPORTS ENTREPRENEURIAL EDUCATION AND OUTREACH IN THE HAMPTON ROADS AREA. PTI ENGAGES WITH NIA'S RESEARCHERS AND GRADUATE STUDENTS, AS WELL AS UNDERGRADUATE AND K-12 STUDENTS TO ADVANCE THE TECHNOLOGY COMMERCIALIZATION OBJECTIVES OF BOTH NIA AND THE CITY OF HAMPTON. PTI DEVELOPS, ORGANIZES AND IMPLEMENTS BUSINESS TECHNOLOGY SHOWCASE EVENTS, BUSINESS PLAN COMPETITIONS AT FIVE LOCAL UNIVERSITIES AND COLLEGES, AND IS WORKING IN COLLABORATION WITH A NUMBER OF STEM PROGRAMS IN THE REGION. PTI HAD A TOTAL OF 10 RESIDENT CLIENTS DURING THE 2019 FISCAL YEAR. *RAISED $11,886,000 IN PRIVATE INVESTMENT FUNDING*CREATED OVER 16 FULL TIME AND 33 PART TIME JOBS*COORDINATING COLLABORATIVE MARKET DEV. PROGRAM FOR NASA'S "OUTSIDE THE GATE" LANDING ZONE FOR NASA TECHNOLOGY TRANSFER*CO-HOSTED SUCCESSFUL VIRGINIA SMALL BUSINESS DEVELOPMENT CENTER 3-WEEK, INTENSIVE INNOVATION *COMMERCIALIZATION ASSISTANCE PROGRAM (ICAP)*LEADING EFFORT TO OPEN FT. MONROE UAS RESEARCH SITE POSSIBLE SAND SITE*HOSTED TECHNOLOGY TO MARKET SHOWCASE MOST SUCCESSFUL EVENT TO DATE 3 COMPANIES APPROACHED BY PROFESSIONAL SALES/MARKET/DISTRIBUTION INDIVIDUALS AND ONE COMPANY APPROACHED BY SEASONED ENTREPRENEUR TO ACT AS CEO/INVESTOR
SBA GROWTH ACCELERATOR FUND: THE U.S. SMALL BUSINESS ADMINISTRATION LAUNCHED A COMPETITION FOR ACCELERATORS AND OTHER ENTREPRENEURIAL ECOSYSTEM MODELS TO COMPETE FOR MONETARY PRIZES OF $50,000 EACH TO FUND OPERATING BUDGETS. TO AWARD THE PRIZES, APPLICANTS ARE JUDGED BY AN EXPERT PANEL THAT CONSIDERS EACH APPLICANT'S STATED MISSION, FOUNDING TEAM MEMBERS AND BUSINESS GOALS AMONG OTHER CORE COMPONENTS.THIS CONTEST WAS DESIGNED TO PROVIDE WINNERS WITH SUPPLEMENTAL AND CRITICAL CAPITAL TO THE OPERATING BUDGETS OF ENTREPRENEURIAL ECOSYSTEMS ACROSS THE UNITED STATES. WITH ACCESS TO CAPITAL VIA THIS HIGHLY COMPETITIVE PROCESS, APPLICANTS WILL HAVE GREATER OPPORTUNITY TO SCALE UP (IF ALREADY EXISTING) OR TO LAUNCH SOMETHING COMPLETELY NEW. THE BASIC TENET IS SIMPLE: THE STARTUP WORLD AND A PORTFOLIO'S SURVIVAL IS DRIVEN BY A GAME OF NUMBERS. MORE QUALITY STARTUPS SUPPORTED BY MORE WELL-FUNDED ENTREPRENEURIAL ECOSYSTEMS LEADS TO SUCCESSFUL STARTUPS GROWING INTO COMPETITIVE, EXCITING AND HIGH-VALUE JOB CREATORS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Kerry L Christian | TREASURER | 5 | $0 |
| Karl L Drews | DIRECTOR & SECRETARY | 5 | $0 |
| Douglas O Stanley | DIRECTOR & PRESIDENT | 5 | $0 |
| Robert Butera | CHAIRMAN OF THE BOARD | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202022279349301312_public.xml